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Gold rise a day after recording the biggest daily loss in a month

2019-11-06 10:05 am | Resource: News | No Views : 26

 Gold rise a day after recording the biggest daily loss in a month

Gold prices rose on Wednesday after recording the biggest daily loss in a month, as more trade developments between the world's two largest economies awaited. Earlier on Wednesday, reports emerged that China would not accept the temporary deal unless the Trump administration removes all tariffs on imports of manufactured goods in the world's second-largest economy.

Wall Street closed mixed on Tuesday after a rally driven by business optimism in the previous session.
  • Yesterday the Dow closed at 27,492.60 points, while the Walgreens Boots Alliance took the lead.
  • Meanwhile, the S&P 500 took a break from the record highs to close 0.12% in the red as the Mylan fell about 10% after the company's earnings.
  • The Nasdaq 100 ended trading steady.

The Chinese president may visit Brazil "very early" to sign an agreement with the United States

Chinese President Xi Jinping's visit to Brazil to attend the BRICS summit, scheduled for Nov. 13-14, comes "very soon" to arrange a stopover in North America and the conclusion of a China-US trade agreement, the South China Morning Post reported on Wednesday, citing a source. Familiar with the topic. There are still more details to be discussed before signing, according to the source.

After the cancellation of the APEC summit in Chile, there was an idea that the summit could be held in the United States, where Xi and his US counterpart Donald Trump might hold the agreement, but China is said to have opposed the option.
  • The dollar index, which tracks the performance of the greenback versus six major currencies, was steady at 97.899 points.

Gold Trading
  • Gold futures for December delivery rose 0.2%, or $ 3.60, to $ 1487.30 an ounce at 10:29 CET.
  • The spot price of yellow metal rose 0.2% at $ 1485.77 an ounce, after falling 1.7% yesterday, the largest pace since September.


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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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